The market trend has started to rise upward.
Technical Analysis: $ORN
/USDTAs we analyze $ORN/USDT, the current price stands at $1.395, showcasing a robust 7.23% increase over the past 24 hours. Key resistance levels are positioned at $1.404 (recent high) and $1.395, while support can be observed around $1.272.Key Targets:1. Target 1: $1.404
This level serves as the immediate resistance and could act as a potential breakout point if surpassed. Monitoring volume can provide insight into the strength of this move.
2. Target 2: $1.450
Should momentum build, reaching this target would signify a bullish continuation. Traders should watch for price action around this area for potential retracement opportunities.
3. Target 3: $1.500
A psychological barrier, this level could attract significant buying interest. A confirmed breakout here may lead to further upside potential, indicating strong market sentiment.Indicators Overview:MA(7): 1.325MA(25): 1.313Volume: 807,662.5, indicating healthy trading activity.
Traders are advised to remain vigilant around these levels, utilizing stop-loss orders to manage risk effectively.